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FORM 5500 DATA

National Audubon Society Tax Deferred Annuity Plan

Overview

Plan Information

  • Plan Year01/01/2010 — 12/31/2010
  • Date of Plan12/01/1990
  • Net Assets as of 12/31/2010 $37,699,640
  • Plan Number3
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2010

  • Active (Eligible) Participants696
  • Retired or separated participants receiving benefits4
  • Other retired or separated participants entitled to future benefits407
  • Subtotal1,107
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total1,109
  • Total number of participants as of 01/01/2010950
  • Number of participants with account balances1,109
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address225 Varick Street 7th Floor
  • CityNew York
  • StateNY
  • Zip10014
  • Telephone(212) 979-3175
  • EIN13-1624102
  • Industry Code813000
  • Named AdministratorMonique Quinn
  • Named Plan SponsorMonique Quinn

Plan Administrator Information

  • Administrator NameNational Audubon Society, Inc.
  • Address225 Varick Street 7th Floor
  • CityNew York
  • StateNY
  • Zip10014
  • Telephone(212) 979-3175
  • Administrator EIN13-1624102

Audit Information

  • Audit StatusAudited
  • AuditorGrant Thornton LLP
  • Auditor EIN36-6055558
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2L Code section 403(b)(1) arrangement A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? Yes $369,243
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $1,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $7,268,029
Contributions $3,421,088
Cash Contributions $3,421,088
Cash from Employers $1,190,412
Cash from Participants $2,105,555
Others (including rollovers) $125,121
Noncash Contributions $0
Total Earnings on Investments $3,846,941
Total Interest $159,676
Interest-Bearing Cash $547
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,346
Interest from Other Investments $157,783
Total Dividends $245,995
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $184,674
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $3,256,596
Other Income $0
Expenses $1,360,853
Total Benefit Payments $1,350,441
Directly to participants or beneficiaries, including direct rollovers $1,350,441
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $10,412
Professional Fees $10,412
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $5,907,176
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2010 12/31/2009 Change YOY
Total Assets $37,699,640 $31,792,464 18.58%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $82,158 $70,237 16.97%
Employer Contributions $40,310 $8,566 370.58%
Participant Contributions $41,848 $61,671 -32.14%
Other Contributions $0 $0 0.0%
General Investments $1,067,055 $1,002,425 6.45%
Interest-bearing cash $1,067,055 $1,002,425 6.45%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $125,774 $4,770 2536.77%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $844,197 $863,253 -2.21%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $29,117,695 $23,568,842 23.54%
Value of funds held in insurance co. general account $6,390,300 $6,240,637 2.40%
Other Investments $72,461 $42,300 71.30%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $37,699,640 $31,792,464 18.58%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Diversified Investment Advisors
  • Tiaa-Cref
  • Tiaa Cref Invest Management LLC

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Fidelity Investments Institutional Recordkeeping fees, Account maintenance fees Recordkeeper $7,725 $0 $7,725
Total $7,725 $0 $7,725

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

Name Position Explanation
Marks Paneth & Shron LLP Accountant The National Audubon Society Periodically Rotates its Independent Auditors and as A Result of This Policy New Auditors Were Hired.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Tiaa Real Estate Tiaa-Cref DFE: Pooled Separate Account $810,744
Large Growth Fund Transamerica Financial Life Ins DFE: Pooled Separate Account $343,441
Calvert Fund Transamerica Financial Life Ins DFE: Pooled Separate Account $249,294
Balanced Fund Transamerica Financial Life Ins DFE: Pooled Separate Account $225,832
Large Value Fund Transamerica Financial Life Ins DFE: Pooled Separate Account $133,888
Money Market Fund Transamerica Financial Life Ins DFE: Pooled Separate Account $94,390
Small Core Fund Transamerica Financial Life Ins DFE: Pooled Separate Account $87,017
Large Core Fund Transamerica Financial Life Ins DFE: Pooled Separate Account $85,345
International Equity Fund Transamerica Financial Life Ins DFE: Pooled Separate Account $65,568
Short Allocation Fund Transamerica Financial Life Ins DFE: Pooled Separate Account $44,016
Government Fixed Fund Transamerica Financial Life Ins DFE: Pooled Separate Account $33,453
Core Bond Fund Transamerica Financial Life Ins DFE: Pooled Separate Account $23,321
Intermediate Horizon Asset Fund Transamerica Financial Life Ins DFE: Pooled Separate Account $20,340
High Quality Bond Transamerica Financial Life Ins DFE: Pooled Separate Account $6,102
Total $2,222,751

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Tiaa-Cref 532
EIN 13-1624203
Industry Code 69345
Contract Number 368594
Contract Year 01/01/2010 — 12/31/2010
Value in General Account at Year End $3,973,029
Value in Separate Accounts at Year End $810,744
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Guaranteed Investment
Balance at the end of the previous year $3,839,063
Additions $485,109
Contributions Deposited during the year $114,995
Dividends and credits $0
Interest credited during the year $154,412
Transferred from separate account $215,702
Other $0
Total of Balance and Additions $4,324,172
Deductions $351,143
Disbursed from fund to pay benefits or purchase annuities during the year $127,072
Administration charge made by carrier $0
Transferred to Separate Account $217,329
Other $6,742
Balance at the end of the current year $3,973,029
Transamerica Financial Life Insurance Company 51
EIN 36-6071399
Industry Code 70688
Contract Number FA053813
Contract Year 01/01/2010 — 12/31/2010
Value in General Account at Year End $2,395,201
Value in Separate Accounts at Year End $1,412,006
Insurance Fees and Commissions $8,256
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Cammack Larhette Brokerage, Inc 2 Rector Street, 23Rd Floor New York, NY 10006 Insurance Agent or Broker $8,256 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Guaranteed Investment
Balance at the end of the previous year $2,380,226
Additions $95,360
Contributions Deposited during the year $7,384
Dividends and credits $0
Interest credited during the year $83,054
Transferred from separate account $0
Other $4,922
Total of Balance and Additions $2,475,586
Deductions $80,385
Disbursed from fund to pay benefits or purchase annuities during the year $62,203
Administration charge made by carrier $904
Transferred to Separate Account $17,278
Other $0
Balance at the end of the current year $2,395,201
Mony Life Insurance Company 1
EIN 13-1632487
Industry Code 66370
Contract Number FA853813
Contract Year 01/01/2010 — 12/31/2010
Value in General Account at Year End $22,070
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Guaranteed Investment
Balance at the end of the previous year $21,348
Additions $746
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $746
Transferred from separate account $0
Other $0
Total of Balance and Additions $22,094
Deductions $24
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $24
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $22,070